Residential & Commercial Property Services

Hassans has played a significant part in the rapid growth of Gibraltar’s property market.

Hassans’ Property department has advised on some of the largest, most high profile and significant projects in this market. Our residential and commercial property team offers the full range of relevant services, assisting in the sale and purchase of residential and commercial property in Gibraltar, advising in relation to  and drafting of commercial and retail leases, as well as in relation to  resolution of disputes arising in the context of property. We guide our clients through the myriad of legal and commercial issues involved in a development project working closely alongside public and private stakeholders. Our work generally involves: the purchase of freehold or leasehold interest in land for residential or mixed-use development; planning and construction law advice; funding aspects; off-plan pre-sales involving reservation agreements and agreements for lease; through to completion of underleases and release of security. We have extensive expertise acting for banks on lending on property located in Gibraltar, whether it is residential, commercial, mixed-use, freehold or leasehold property. Our work typically includes conducting property due diligence and reports on title, drafting and negotiating loan facilities and debentures, and advising on taking and granting of security over property, advising on property covenants, representations and warranties, repayment and release of security.

Our legal practitioners’ depth and breadth of experience allows us to  offer our clients the very best advice and guidance. Our clients – whether they are individuals, investors (often those with large portfolios and complex group structures), financing institutions, funds, developers, construction companies, landlords or tenants – choose us because we understand their objectives and offer the innovation, experience, technical expertise, clarity of advice and commitment to  get their transactions completed effectively and efficiently. We offer in-depth practical experience and creative solutions to  challenges with a transparent fee structure.

Residential conveyancing

We have extensive experience acting for  sellers and purchasers in all aspects of residential property in Gibraltar. Our expertise spans the range of properties from the affordable housing developments and tenders of ex-Ministry of Defence housing to  off-plan apartments and luxury accommodation e.g.

• Admiral’s Place
• Midtown
• The Anchorage
• The Sails

We are on the panel to  act for  all banks and building societies in Gibraltar on residential mortgages and re-mortgages which benefits our clients in reducing overall legal costs. We strive to  ensure that transactions proceed as smoothly and efficiently as possible whilst always keeping our clients informed and updated at every key stage when buying or selling a property.

Commercial and retail leases

Our commercial property experts work with landlords and tenants across the board, on the grant or taking of commercial or retail leases. We are experts in drafting and negotiating heads of terms and agreements for  leases, lease renewals, lease terminations or surrenders, rent reviews, repairs, alterations and dilapidations, obtaining or granting landlord consent, assignments, subleases, management agreements and all other lease-related transactions. We regularly advise companies holding commercial and/or retail leases on the legal and costs implications of a change of shareholding and related tax considerations.

Contact us

For more information, get in contact with our Property team below. You can also call us on +350 20079000 or email us at info@hassans.gi.

Frequently Asked Questions

Can a UK citizen buy property in Gibraltar?

Yes, UK citizens are permitted to purchase property in Gibraltar. However, it’s important to understand the legal framework governing property ownership here. Buying property in Gibraltar is governed by local legislation and it is important to seek the advice of a qualified property lawyer in Gibraltar.

What is the Property Occupation Act in Gibraltar?

The Property Occupation Act requires anyone residing in a property in Gibraltar to register with the Registrar of Property Occupation. This process involves submitting details of all individuals living in the property.

Is it worth buying property in Gibraltar?

Gibraltar’s favourable tax regime is a key attraction for investors and high-net-worth individuals. With no capital gains tax, wealth tax, inheritance tax, and low corporate tax rates, property ownership in Gibraltar is certainly worth exploring.

Can a UK citizen just move to Gibraltar?

As a British Overseas Territory, Gibraltar allows UK citizens the right to live and work there. However, it’s important to check the specific regulations and any required documentation before relocating.

What is the Gibraltar 3-year residency rule?

‘3-year residency homes’ are properties which are restricted to Gibraltarian families and British citizens who have lived and worked in Gibraltar for the past three consecutive years. These properties are usually cheaper than properties on the open market, due to the restrictions associated with them.